Bond Report: Treasury yields end week at post-Brexit highs on hawkish Fed comments

Treasury prices plunged this week—pushing yields to their highest level since the U.K.’s vote to leave the European Union—as the market’s interest-rate hike expectations rose following hawkish comments from Federal Reserve officials.

Boston Fed President Eric Rosengren, who is a voter this year on the Fed’s interest-rate setting board, on Friday said the U.S. central bank could resume gradual rate increases as the risks facing the economy are more in balance.

And Fed Gov. Daniel Tarullo said he is open to the possibility of a rate increase this year but said there is no need to raise interest rates “right now,” mainly due to concerns about frothy asset prices.

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